Arab Gulf Programme for Development EIN 52-2340908

Arab Gulf Programme for Development FY2023 filing

EIN  52-2340908 Membership association New York, NY Founded 1981
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Verified accurate 7/6/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Arab Gulf Programme for Development claims this page.

Know this organization? Claim it to add your story

Size
$100M+
What they do
a membership association
Leadership
Nasser Al Kahtani · Exec. Director/Board Member · $545K
Money in and out
$24.9M revenue, $17.6M expenses
Bottom line
+29% operating surplus

Arab Gulf Programme for Development is a membership association based in New York, NY, formed in 1981. For fiscal year 2023 it reported $24.9M in revenue, $17.6M in expenses, and $813.2M in net assets.Pt I

Membership & operating revenue · FY2023
Total revenue
$24.9M
Pt VIII · Ln 12
Total expenses
$17.6M
Pt IX · Ln 25
Net assets
$813.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7.3M
Where spending went · Part IX cols B–D
Program services $0.40 Management & general $0.60
Operating surplus
+29%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
24%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$24.9M
FY2023▼ -60%
Expenses
$17.6M
FY2023▲ +15%
Total assets
$829.8M
FY2023▲ +6%
Total liabilities
$16.5M
FY2023▲ +10%
Total revenue
$24.9M
Pt VIII · Ln 12
Total expenses
$17.6M
Pt IX · Ln 25
Net assets
$813.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7.3M
Total assetsPt X · Ln 16$829.8M
Program-expense ratioPt IX · col B40%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $7.0M of program spending, described in the organization's own filed words · FY2023.
01

See schedule o

$3.6Mprogram expense
02

See schedule o

$1.7Mprogram expense
03

See schedule o

$1.6Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArab Gulf Programme for Development
EINHdr · item D52-2340908
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jagfund.org
Year of formationHdr · item L1981
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFMar 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec. Director/Board Member
$545,300Pt VII · Sec A
Finance & Admin Dept. Director
$197,648Pt VII · Sec A
Asset Mgmt Unite Director
$165,508Pt VII · Sec A
Project Director
$164,316Pt VII · Sec A
IT Director
$154,434Pt VII · Sec A
Internal Audit Director
$113,320Pt VII · Sec A
Media Director
$111,384Pt VII · Sec A
$29,000Pt VII · Sec A

Nasser Baker Al Kahtani’s $559K as Exec. Director/Board Member is at the 67th percentile of top reported officer pay among 88 $100M+ international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2020FY2018
Nasser Al Kahtani$545,300$604,300$681,750$365,000
Nasser Baker Al Kahtani$559,407
Abdulatif Al Duwaihi$248,067$191,506$170,319
Jebrin Al Jebrin$218,100
Monirah Al Otaibi$197,648$164,921$134,473
Munirah Al Otaibi$191,894
Zeina Ahmed Safa$175,152$165,508$174,850
Muhammed Al Salim$172,720$164,316$172,871

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Arab Gulf Programme for Development executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Investment income$24.5M · 98%
Other revenue$475K · 2%
Investment income98%$24.5M
Other revenue2%$475K
Total revenueLn 12$24.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.40 Management & general $0.60
Program services40%$7.0M
Management & general60%$10.6M
Total functional expensesLn 25$17.6M

Balance Sheet

Part X · end of year
CashLn 1$62.6M
Total assetsLn 16$829.8M
Total liabilitiesLn 26$16.5M
Total net assetsLn 32$813.2M
Months of cash on handcomputed42.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $646.2M · Operating expenses/yr $17.6M
440.0 months
Where the money goes
Program services
Program services $7.0M · Total expenses $17.6M
40%
Management & General
Management & general $10.6M · Total expenses $17.6M
60%
Fundraising
Fundraising $0 · Total expenses $17.6M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $24.9M
0%
Government reliance
Government grants — · Total revenue $24.9M
Earned-income share
Program service revenue $0 · Total revenue $24.9M
0%
Investment reliance
Investment income $24.5M · Total revenue $24.9M
+98%
Program self-sufficiency
Program service revenue $0 · Total expenses $17.6M
0%
Growth & trend
Revenue growth (YoY)
This year $24.9M · Prior year $63.0M
-60%
Revenue CAGR
FY2018 $63.1M · FY2023 $24.9M
-17%
Net-asset trend (YoY)
End of year $813.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24.9M · Expenses $17.6M
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $829.8M
Net-asset ratio
Net assets $813.2M · Total assets $829.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $583.7M · Total assets (Pt X, ln 16) $829.8M
70%
People & payroll
Highest Reported Total Compensation
Individual Nasser Al Kahtani · Reported title EXEC. DIRECTOR/BOARD MEMBER · Highest reported compensation $545K · Total expenses $17.6M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.1M · Total expenses $17.6M
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 40%
Overhead ratio 60%
Revenue growth -60%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $5.6M · 2020–2024
United Nations Development ProgrammeFY2024$1,400,000
University of ChicagoIL · FY2024$650,000
Helen Keller InternationalNY · FY2024$200,000
Education for EmploymentNY · FY2024$200,000
United States Fund for UNICEFNY · FY2024$150,000
United States Fund for UNICEFNY · FY2023$1,000,000
The World BankFY2023$400,000
United States Fund for UNICEFNY · FY2022$574,000
International Medical CorpsCA · FY2022$150,000
Education for EmploymentNY · FY2022$100,000
Near East FoundationNY · FY2022$100,000
United Nations Capital Development FundFY2020$200,000
United Nations Children's Fund (unicef)FY2020$145,000
International Medical CorpsCA · FY2020$100,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$124.3M revenue · ⤓ 990 PDF
FY2023$24.9M revenue · viewing · ⤓ 990 PDF
FY2022$63.0M revenue · ⤓ 990 PDF
FY2021not on file
FY2020$55.8M revenue · ⤓ 990 PDF
FY2019not on file
FY2018$63.1M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.